Latest New Zealand Property Report


58 Cedar Drive, Kelvin Peninsula- Lake Frontage At A Price That's Right

58 Cedar Drive, Kelvin Peninsula- Lake Frontage At A Price That’s Right

The latest New Zealand Property Report is published by Realestate.co.nz provides insight into the state of the New Zealand property market as measured by the supply side of the property market.

Excerpt—“The inventory of unsold properties in New Zealand has fallen to the lowest point in six years, reporting just 24.9 weeks nationwide. The record shortage was driven by low inventory in all major regions, with Canterbury, Waikato and Central Otago all witnessing new all-time lows. Wellington also fell to just 15.4 weeks, the lowest since November 2009, while Auckland recovered slightly from last month’s record low to 12.3 weeks, but still sits 58% below its long term average of 29 weeks.”

Read the full 8-page report here.

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